According to the minister, the new upgrade is based on the rational economic policy pursued by the government
Morningstar DBRS is welcomed by the significant upgrading of the Cypriot Republic’s higher investment level “A” by Makis Keravnos.
According to a written statement, yesterday’s upgrade from DBRS confirms the rational economic policy pursued by the government, which is based on budgetary discipline and development practices, but also the dynamic and durability of the Cypriot economy in an international environment.
“The prudent economic policy implemented by the Republic of Cyprus is positively evaluated by the major international evaluation firms with which the Republic of Cyprus maintains a conventional relationship, resulting in its continuing upgrades to the highest investment level,” he said.
“Always in the light of fiscal discipline and financial stability, the government will continue to implement its economic policy that leads to continuous, stable and sustainable development, focusing on important initiatives that provide support to citizens and especially on non -privileged social classes.”
Economy support in a flexible and responsible manner
In a statement by the Ministry of Finance, it is stated that the government remains faithful to its commitment to support the economy in a responsible and flexible manner, both in terms of growth and employment, and in public finances, in view of the challenges it is called upon to face from developments in the international economic-economic environment. Opportunities for continuous growth of the economy while aiming to further reduce public debt.